{"filing":{"accession_number":"0001193125-26-391090","cik":"0002078856","ticker":"PURR","company_name":"Hyperliquid Strategies Inc","form":"8-K","filing_date":"2026-09-14","report_date":"2026-09-14","primary_document":"purr-20260914.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/2078856/000119312526391090/purr-20260914.htm"},"events":[{"id":33412,"run_id":30720,"accession_number":"0001193125-26-391090","anchor_item_number":"1.01","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"summary":"The Amendment modifies the terms of an ongoing equity purchase agreement under which Hyperliquid Strategies Inc may elect to sell up to 160,000,000+ shares of common stock to Chardan Capital Markets LLC at discounted VWAP-based prices (98.5% and 97.0% of VWAP). This is a dilutive equity issuance arrangement—a private placement or PIPE-like facility—that allows the company to raise capital by selling shares at a discount. The amendment adjusts the pricing mechanism for future tranches, which is material to existing shareholders as it affects the terms and economics of potential dilution.","company_name":"Hyperliquid Strategies Inc","ticker":"PURR","filing_date":"2026-09-14","form":"8-K","submitted_at":null,"items":[{"id":36859,"accession_number":"0001193125-26-391090","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The Amendment modifies the terms of an ongoing equity purchase agreement under which Hyperliquid Strategies Inc may elect to sell up to 160,000,000+ shares of common stock to Chardan Capital Markets LLC at discounted VWAP-based prices (98.5% and 97.0% of VWAP). This is a dilutive equity issuance arrangement—a private placement or PIPE-like facility—that allows the company to raise capital by selling shares at a discount. The amendment adjusts the pricing mechanism for future tranches, which is material to existing shareholders as it affects the terms and economics of potential dilution.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-15T10:07:46.691447+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":36859,"accession_number":"0001193125-26-391090","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The Amendment modifies the terms of an ongoing equity purchase agreement under which Hyperliquid Strategies Inc may elect to sell up to 160,000,000+ shares of common stock to Chardan Capital Markets LLC at discounted VWAP-based prices (98.5% and 97.0% of VWAP). This is a dilutive equity issuance arrangement—a private placement or PIPE-like facility—that allows the company to raise capital by selling shares at a discount. The amendment adjusts the pricing mechanism for future tranches, which is material to existing shareholders as it affects the terms and economics of potential dilution.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-15T10:07:46.691447+00:00","company_name":"Hyperliquid Strategies Inc","ticker":"PURR","filing_date":"2026-09-14"}]}